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REGISTERED NUMBER: 05143960 (England and Wales)














SKYTRACK WORLDWIDE LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023






SKYTRACK WORLDWIDE LIMITED (REGISTERED NUMBER: 05143960)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SKYTRACK WORLDWIDE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: B.J. Stratton
R.I. Stratton





SECRETARY: R.I. Stratton





REGISTERED OFFICE: Parsonage Farm,
Berners Roding,
Ongar,
Essex,
CM5 0SZ





REGISTERED NUMBER: 05143960 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
t/as Findlay Wetherfield Scott & Co
Chartered Accountants
137, Station Road,
Chingford,
London
E4 6AG

SKYTRACK WORLDWIDE LIMITED (REGISTERED NUMBER: 05143960)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Debtors 5 1,134,000 1,094,333
Cash at bank 111,245 67,191
1,245,245 1,161,524
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

911,869

875,538
NET CURRENT ASSETS 333,376 285,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

333,377

285,987

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 333,277 285,887
SHAREHOLDERS' FUNDS 333,377 285,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12th March 2024 and were signed on its behalf by:



B.J. Stratton - Director



R.I. Stratton - Director


SKYTRACK WORLDWIDE LIMITED (REGISTERED NUMBER: 05143960)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Skytrack Worldwide Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Income from agreements is earned only on maturity and is lost entirely if the capital value is withdrawn before that date. This policy has been changed from the previous policy of income being apportioned over its term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SKYTRACK WORLDWIDE LIMITED (REGISTERED NUMBER: 05143960)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1st July 2022
and 30th June 2023 424
Depreciation
At 1st July 2022
and 30th June 2023 423
Net book value
At 30th June 2023 1
At 30th June 2022 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,134,000 1,094,000
Other debtors - 333
1,134,000 1,094,333

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 456,252 456,252
Corporation tax 26,617 11,963
Directors' current accounts 427,140 380,792
Accrued expenses 1,860 26,531
911,869 875,538

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The amount owed to the directors at the balance sheet date was £427,140.

8. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr.B. and Mrs. R. Stratton by virtue of their ownership of the whole of the company's issued share capital.